ABN Amro Investment Solutions purchased a new stake in shares of Nordson Corporation (NASDAQ:NDSN – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,820 shares of the industrial products company’s stock, valued at approximately $678,000.
Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA lifted its stake in shares of Nordson by 70.8% during the 4th quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock valued at $30,000 after buying an additional 51 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Nordson during the 2nd quarter valued at approximately $31,000. Root Financial Partners LLC purchased a new stake in Nordson in the 3rd quarter worth approximately $36,000. MUFG Securities EMEA plc purchased a new stake in Nordson in the 2nd quarter worth approximately $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in Nordson by 398.2% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 284 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 227 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.
Nordson Stock Performance
Nordson stock opened at $289.90 on Monday. The firm’s fifty day moving average price is $274.97 and its 200-day moving average price is $264.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.74 and a current ratio of 2.60. The stock has a market cap of $16.17 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 1.94 and a beta of 0.99. Nordson Corporation has a fifty-two week low of $191.99 and a fifty-two week high of $305.28.
Nordson Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Thursday, March 19th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. Nordson’s dividend payout ratio (DPR) is currently 34.97%.
Insider Buying and Selling at Nordson
In related news, EVP Justin E. Hall sold 716 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $275.82, for a total transaction of $197,487.12. Following the transaction, the executive vice president owned 1,515 shares of the company’s stock, valued at approximately $417,867.30. This trade represents a 32.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph P. Kelley sold 8,725 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $293.04, for a total transaction of $2,556,774.00. Following the transaction, the executive vice president directly owned 7,268 shares in the company, valued at approximately $2,129,814.72. This represents a 54.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,341 shares of company stock worth $15,880,529 in the last quarter. 0.84% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Oppenheimer increased their target price on shares of Nordson from $285.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 target price on shares of Nordson in a research note on Monday, February 23rd. DA Davidson reiterated a “buy” rating and issued a $335.00 target price on shares of Nordson in a research note on Thursday. BNP Paribas Exane increased their target price on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, KeyCorp increased their target price on shares of Nordson from $295.00 to $325.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $308.43.
Read Our Latest Report on NDSN
About Nordson
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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